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"In Rethinking Marxist Theories of Transition, Onur Acaroglu traces the concept of transition across the tracts of Classical and Western Marxism. Rarely directly invoked, transition between different societies appears as an imminent social reality, and a useful conceptual tool for critical...
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Pasinetti (1988) constructs ‘vertically hyper-integrated labor coe fficients' for an economic model that exhibits unbalanced growth. The hyper-integrated coe fficients additionally include the labor required to produce investment goods as part of the labor cost of reproducing commodities. In a...
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The present paper scrutinizes the logical foundation of Marx's dialectic analysis of the evolving money economy. The minimalistic frame of reference is thereby given with the set of structural axioms. It turns out, first, that the commonplace notion of exploitation has to be replaced by...
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This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...
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This paper highlights the separation between surplus value production and realization in Marx's work. A new method of estimating surplus value production at the industry level is proposed and implemented. Marx's procedure of transforming labor values into prices of production shows that...
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This paper discusses the attempts to publish a historical-critical edition of the works of Karl Marx, the Marx-Engels Gesamtausgabe (MEGA): the first one, which was led by David Riazanov in the 1920s and 1930s, and the second one, the MEGA2 project which begun in the 1970s and is still in course...
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